SOLUTION: The following are the P/E ratios (price of stock divided by projected earnings per share) for 17 banks. 50, 19, 38, 17, 22, 22, 22, 22, 19, 14, 18, 43, 29, 24, 15, 18, 20 Find 25

Question 1117420: The following are the P/E ratios (price of stock divided by projected earnings per share) for 17 banks.
50, 19, 38, 17, 22, 22, 22, 22, 19, 14, 18, 43, 29, 24, 15, 18, 20
Find 25th and 70th percentiles for these ratios.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The following are the P/E ratios (price of stock divided by projected earnings per share) for 17 banks.
50, 19, 38, 17, 22, 22, 22, 22, 19, 14, 18, 43, 29, 24, 15, 18, 20
Find 25th and 70th percentiles for these ratios.
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Procedure:
Arrange the data in rank order from smallest to largest.
Then 25%(17) = 4.25.
So the 25%ile element is the value 5 from the bottom:: 20
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Also 90%(17) = 15.3
So the 90%ile element is the value 16 from the bottom:: 43
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Cheers,
Stan H.
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